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India


NaMo leadership gave momentum to economy: Javadekar

NaMo leadership gave momentum to economy: Javadekar

New Delhi, Aug 29 (UNI) Exuding confidence that India will soon become a 5 trillion economy, Union Minister for Information and broadcasting Prakash Javadekar on Thursday said that Prime Minister Narendra Modi’s leadership gave the real momentum to the economy.



“Policy paralysis never allows sustainable growth. Decisive leadership, on the other hand, gives real support and momentum to the economy. This leadership is being provided by Narendra Modi, which the world can also see," Mr Javadekar said here, while inaugurating the 60th SKOCH summit.



Hailing the country’s taxation system Mr Javadekar said that introducing Goods and Services Tax (GST) was a bold decision taken under the leadership of PM Modi. “GST is the shining example of cooperative federalism,” he added.



While laying emphasis on the Indians working in multinational techonological companies, Mr Javadekar said that despite several Indians being operational in such major giants, they have not benefited the country. "In every team of Google, Facebook or any other MNC, wherever there have been innovation in the world there have been Indian scientists and technicians. We are contributors to innovation but we are not owners of innovation that is our problem."



The Minister said although the companies like Flipkart and Paytm are examples of successful Indian ventures, their takeover by foreign businesses show that we have not been able to sustain innovation.



Mr Javadekar also highlighted the number of initiatives taken by the Modi government to promote and support innovation at home to make India a $5 trillion economy. “The more we research and innovate the more we will increase our nation’s capability to earn," he said, adding, "...and our government is giving research and innovation a lot of attention and support. Government, people of the nation and economy needs to stand behind innovation and we require a constant dialogue between the government and people from the industry to make a steady progress.”



Nagaland forest minister C M Chang who was also present on the occasion asserted in building resilience to adapt to the changing climate. “There is a need to evolve strategies at both national and state level to implement the action to improve social and economic livelihoods, learning and adapting from experiences, identifying vulnerable communities and building up their capacities which will help in building resilience of the country towards negative impacts of climate change," he said.



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